Landowner Beneficiaries Identification (LOBID)

Over K300m in royalties in bank: Minister

Minister for Finance and Tari-Pori MP, James Marape, confirmed the amount in a press conference in Port Moresby recently.

After launching the Landowner Beneficiaries Identification (LOBID) exercise in Hela on Wednesday, Finance Minister James Marape and Petroleum Minister Fabian Pok have assured the landowners that their royalty is still being kept at the Central Bank awaiting the completion of the LOBID exercise.

Minister Marape said the Government is ready to pay the landowners but the onus is now on them to get together and identify their land.